Segway Powersports Experiences Record Growth in Q1 Amidst a Flat Market

The off-road powersports vehicle manufacturer continues to increase its U.S. market share with record year-over-year Q1 sales figures and new dealer signups.

Segway Powersports continues its upward growth trend with the recent news that the company has experienced record sales in Q1 of 2024 despite a seemingly flat start to the year for the powersports market. The company also continues to add new dealer partners at an accelerated rate. Q1 results include a 309% year-over-year (YOY) wholesale increase and a 343% YOY retail increase.

These results also confirm the company’s strategy to deliver innovative, industry-leading off-road vehicles enthusiasts want. Segway vehicles are exhilarating and stylistically unique, with modern technology and features, like the 330-horsepower Super Villain SX20 Hybrid — the world’s first side-by-side with a hybrid powertrain in the powersports segment. As the company continues its quest to become one of the world’s leading all-terrain powersports vehicle manufacturers, keep an eye out for more exciting models to enter the Segway Powersports product lineup.

“We couldn’t be happier with our first quarter results,” shared Jason Walling, vice president of sales and marketing for Segway Powersports. “The Segway Powersports team — from sales to marketing to those in the office and warehouse — have done an incredible job. We’ve worked long and hard to assemble the team of talented and passionate individuals we currently have. We will continue to grow the Segway Powersports brand in the U.S. market by forging strong ties with our dealer partners and providing best-in-class customer service. We’re ready to see what the rest of the year brings.”

“It’s incredibly rewarding to see Segway Powersports continue to grow and flourish in the U.S. market,” added Marketing Director for Segway Powersports Gabriel Cruz. “We’ve worked to bring excitement and energy to the powersports market that embodies the Segway brand and company ethos. We’ve generated great excitement for the brand over the last 16-plus months by attending events like AIMExpo, SEMA Show and Sand Sports Super Show. It’s great to see that spending time with our end users in the field has increased market share and brand acceptance.”

“Echoing what Jason and Gabriel already alluded to, the Segway Powersports brand is on the gas right now,” explained recently appointed National Sales Manager for Segway Powersports Kelly Rees. “We continue to listen to our dealer partners and retail customers by bringing powersports models to market that dealers can get behind and end users want. Our team is firing on all cylinders right now. The industry can expect to see even more of the Segway name nationwide in 2024.”

For more information about Segway and its expanding list of consumer products, visit SegwayPowersports.us or follow them on social media at @segwaypowersportsus.

New dealer inquiries are always welcome.

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